The greatest risk facing our Nation right now is our debt.

We are literally bankrupt.

We have fallen down on the job of demanding accountability and transparency.

We have paid out billions of dollars to dead farmers.

if the Death Master List is missing 1.2 million people, it is not of great value.

The children born today will owe $53,000 each of money we have spent.

We have to figure that out to get some better compliance out of those people who owe us.

I agree with most of what we heard Senator Levin say.

I want to thank him for his tireless work on this issue.

Mr. Gallagher, if you would turn to Exhibit 40. The Bank Melli in Iran, prior to September 11, 2001, HSBC had a relationship with this bank in Iran which, because of its home country, would get more scrutiny in the United States.

Do you have a recommendation for Senator Levin and I in terms of what we could do to make us both more effective, less burdensome, and more efficient?